The Greenville times. [volume] (Greenville, Miss.) 1868-1917, 1887-12-24
Incorporation Of the Startling q
Smith Company.

is the or. Vicksburg, Miss.
river bai-3,
h..aa incorporation Of the Startling o
~ Smith Company.
there, b.
the roo lN |. BE it enacted, that Lyme
l.lnd James David Smith and
pi' is sons as they associate with
arrivals, [ the successors of them and
last. M,ciates be and they are hereby
them a body polite and corporate
aan, jIe name and style of The Star
M NTH company
GU, owl. BE it further enacted that said
Thetion is created for the purpose
knowfying ON general mercantile
nroso,, omission business, both whole
q retail, in all fits branches and
i's hadling and dealing in cotton in
ter a manner, whether as factors for
in or for its own account.
.re ]. 3. BE ii further enacted that
an corporation may have perpetual
on ession that it may have seal and
usr and change the same at pleasure ;
cat ii may sue and be sued, implead
I'D be impleaded ; that it may acquire
y purchase, or otherwise, all kinds Of
property, real, personal, or mixed. and
hold or sell the same; that it may
borrow money and cucumber its prop
crty to secure such loans or its other
indebtedness ; that ii may lend money,
make advances, take mortgages, deeds
of trust, and other securities, and make
all kinds of contracts and do all other
acts connected with the mercantile
business; that ii may carry on cotton
business in its widest and most general
sense, buying, selling or holding it,
handling dealing in or trading in it,
whether ON its own account or for
others on commission, and this provis-
ion shall extend as well TO cotton seed
as to cotton in its various forms
whether loose or packed IN bales or in
the seed in its unginned state that il
may make all needful bylaws for the
regulation and government of its affairs
and establish therein the terms fol-
which it's directors and officers shall
hold; and do whatever else may be
incident to acorporation, within the
scope of Its business and not inconsis-
tent with the Constitution and laws OF
the United States or of the state OF
Mississippi.
SEC. 4. Be it further enacted that
the domicile and chief place of business
of said corporation shall be in the city
of Greenville, in the county of WASH
ington, and state of Mississippi, but II
may at pleasure establish and conduct
branch houses of its business at such
place or places as may seem good to 1t.
SEC. 8. Be it further enacted that
the capital stock of said corporation
shall be fifty thousand dollars in
amount, which may be increased by
said corporation at pleasure, not TO ex-
ceed one hundred thousand dollars in
amount; and said stock shall be di-
vided into shares of five hundred dol
lars each.
SEC. 6. BE il further enacted that
the corporation herein named may, at
any time, organize under this charter,
may open books and receive subscrip-
tions to the capital stock of said cor
poration, and all who subscribe thereto
shall have all the powers and privileges
of said original incorporators herein,
and when one-half of the capital stock
shall have been subscribed and one
half of such subscriptions shall have
been paid up, said corporation shall
be regarded as ready for business, and
fully endowed with all the powers and
privileges conferred by this charter
and at the meeting when such organ
ization is effected or at some subse-
quent meeting, the stockholders shall
elect from their own body three direc-
tors in whom the governing power OF
such corporation shall be lodged and
such directors shall elect one of their
own number president of such corpor-
alton, and such other officers as they
may think necessary; but said corpor-
alton may change the number of di-
rectors herein by either increasing OF
diminishing the number.
SEC. z. Be it further enacted that no
member of said corporation shall be
liable for the debts of said corporation
beyond the unpaid amount Of his sub.
scription.
SEC. 8. Be il further enacted that ii
conducting the affairs Of said corpora
ton, and in all voting for directors OF
for any purpose whatever, each share
of stock shall be entitled to one vote
and no meeting of stockholders shal
be valid as a quorum for the transac
tion of business unless majority O
the stock subscribed shall be repre-
sented at said meeting by the owner
in person or by proxy; aud notice in {
manner to be prescribed in the bylaw
shall be given to all stockholders tt
attend meetings.
SEC. 9. BE it further enacted tina
the stock of said corporation shall b
assignable only on the books of the cor
poration and no transfer Of stock sbal
be made by any stockholder who shal
be indebted to said corporation, an'
the certificates OF stock shall contain
upon them notice Of this provision.